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Tuesday, June 26, 2007

McKee's Holding Company Spent $900K Between May 17 and June 20

Despite statements to the contrary, Paul McKee's north side holding companies continue their purchasing spree. One of those companies alone, MLK 3000 LLC, spent $935,400 between May 17 and June 20 in order to acquire nine properties.

The properties and their recorded sales prices are: 2517 North Market, $92,000.00; 2225 Mullanphy, $80,500.00; 2223 Mullanphy, $80,500.00; 2221 Madison, $74,750.00; 1902 Dodier: $115,000; 1831 Laflin, $78,200.00; 1836-42 N. 22nd, $147,200.00; 2529-31 Hebert, $97,750.00; 2500 Sullivan, $172,500.00.

The building at 1902 Dodier is an occupied contributing resource to the Murphy-Blair National Historic District, the largest historic district in the Old North St. Louis neighborhood.

The deeds are signed by Roberta M. Defiore, manager of MLK 3000 LLC and former consultant to the Archdiocese Office of Urban and Community Affairs (see here). The loans come from the Parkburg Fund LC, an entity incorporated in August 2006 prior to MLK 3000 LLC's first purchase.

3 comments:

not fooled said...

Aw, shit... sounds like God told McKee to save the northside.... much like God told Bush to invade Iraq.

Anonymous said...

^ Now that's funny!

Anonymous said...

I don't see anything funny about that.

PE